Broker Review

Unauthorised Firm Details

Name: Teamwealthglobe.uk
Website: www.teamwealthglobe.uk

Serious Concerns Raised Over Team Wealth Ltd Following FCA Warning and Multiple Scam Reports

Team Wealth Ltd, operating under the domain teamwealthglobe.uk, has recently attracted negative attention due to a public warning issued by the UK’s Financial Conduct Authority (FCA) and multiple reports of suspected fraudulent activity. These developments have cast serious doubt on the legitimacy of the company and raised significant concerns regarding its compliance with UK financial regulations

the UK’s primary financial regulatory body is a strong indication that Team Wealth Ltd may be operating illegally. In the UK, any company providing financial services must be properly registered and authorized by the FCA to ensure they meet strict regulatory standards designed to protect consumers. Team Wealth Ltd, however, does not appear on the FCA’s public register, meaning it is likely operating as an unauthorized and unregulated financial entity.

The company claims to be based at the physical address: 24 Granary Mansions, Erebus Drive, London, United Kingdom. However, upon further review, this address appears to be residential rather than a commercial office, raising questions about the legitimacy and transparency of the company’s operations.

Moreover, a deeper investigation into the company’s online presence has uncovered additional red flags. The associated domain name teamwealthltd.com was only recently registered on June 26, 2024, and is set to expire in just one year—an unusually short registration period for any business seeking long-term credibility. Even more concerning is the fact that the domain’s registration details have been redacted, hiding the identity of the registrant. While privacy protection is not uncommon, legitimate financial firms typically do not hide this information, as transparency is a hallmark of trustworthiness in the financial industry.

Beyond regulatory and domain-related concerns, multiple reports of scam-related activity linked to Team Wealth Ltd have been brought to light. During our investigation, we received numerous complaints from individuals who claimed to have been defrauded by the company. These reports are consistent with negative reviews found on several verified consumer feedback platforms, where users detail instances of financial loss, communication breakdowns, and suspicious behavior from company representatives.

Taken together, the FCA’s warning, lack of regulatory authorization, hidden domain ownership, and numerous consumer complaints paint a troubling picture. Consumers are strongly advised to exercise extreme caution when dealing with Team Wealth Ltd, and to avoid engaging with their services altogether. If you have already interacted with this company or believe you may have been a victim of a scam, it is recommended that you report the incident to the FCA, Action Fraud UK, or your local financial regulatory body immediately.

In conclusion, the mounting evidence suggests that Team Wealth Ltd is not a trustworthy financial service provider and may be actively involved in fraudulent activity. Vigilance is essential when dealing with any financial firm especially those not authorized by the FCA.